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  • Silver Bullet Mines (SBMI) has provided the first technical disclosure on its work at the Washington Mine in Idaho
  • Director and VP, Capital Markets Peter Clausi sat down with Caroline Egan to discuss the results
  • Sampling results confirmed the high-grade nature of the property’s mineralization and potential for the ongoing discovery and development of additional silver and gold resources
  • In July of 2021, the company completed a limited grid soil sampling program that revealed 180 ounces of silver per tonne and over six grams of gold per tonne from the Washington Shaft
  • SBMI is currently working with a contract miner on possible plans to reopen the Washington Mine
  • Silver Bullet Mines Corp is focused on the discovery and development of mineral deposits in Arizona, Idaho and Nevada
  • Silver Bullet Mines Corp. (SBMI) is unchanged, trading at $0.35 per share at 11 am EST

Silver Bullet Mines (SBMI) has provided the first technical disclosure on its work at the Washington Mine in the placer gold district in Idaho.

Director and VP, Capital Markets Peter Clausi sat down with Caroline Egan to discuss the results.

The results from three rounds of sampling confirmed the high-grade nature of the property’s mineralization and potential for the ongoing discovery and development of additional silver and gold resources.

Following its purchase of the Washington Mine, the company conducted mapping, sampling and grid soil geochemistry, and prepared staging areas for pending underground rehab and bulk sampling.

A. John Carter, SBMI’s CEO commented on the results.

“Based in part on the historical records we knew we had a high possibility of success at the Washington Mine. We were pleasantly surprised the values in the samples were as high as they were. Those values required immediate follow-up.”

In July of 2021, the company completed a limited grid soil sampling program. The program was designed to provide an initial data set for the discovery of potential parallel mineralized structures. While the sampling results from the west side of the Washington Shaft did not identify any mineralized structures, samples from the east grid returned significant results.

Highlights from this limited program included 9.13, 4.58, and 1.06 g/t gold across three lines in near-surface soil samples.

Mr. Carter commented on the results.

“We were blown away by these results. While we expected strong values from the samples, especially from the crushed rock in the stockpile, we did not expect the ore bin to show over 180 ounces of silver per tonne and over six grams of gold per tonne. These are great numbers for our shareholders.”

SBMI is currently working with a contract miner on possible plans to reopen the Washington Mine. SBMI received a road upgrade permit from the US Forest Service and a Federal Mine ID number. SBMI is in discussions with third parties for the purchase of the resulting ore and/or concentrate and has identified potential mill facilities near the Property.

Management feels strongly that the property fits into its business model of high-grade lower risk near-term production, significant resource potential and substantial blue sky.

Silver Bullet Mines Corp is focused on the discovery and development of mineral deposits primarily in Arizona with additional mineral properties in Idaho and Nevada.

Silver Bullet Mines Corp. (SBMI) is unchanged, trading at $0.35 per share at 11 am EST.

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